1. Home
  2. Blogs for May, 2019

Month: May 2019

British Steel owner Greybull: We worked hard to keep it alive

British Steel owner Greybull: We worked hard to keep it alive

LONDON (Reuters) - British Steel’s owner Greybull Capital said on Wednesday it had worked hard to keep Britain’s second largest steel producer alive but that the challenges of Brexit had proven insurmountable. “Having rescued the…

Read More
Factbox: Greybull Capital faces more public ire after British Steel collapse

Factbox: Greybull Capital faces more public ire after British Steel collapse

(Reuters) - The collapse of British Steel has once again put private equity owner Greybull Capital in the spotlight for the wrong reasons. Run out of London by Frenchman Marc Meyohas using family money, Greybull…

Read More
Business this week

Business this week

China said it would increase tariffs on a range of American goods. This was in retaliation for Donald Trumps decision to raise duties on $200bn-worth of Chinese exports following the breakdown of talks that had…

Read More
Thyssenkrupp Sees Scope for Agreement With EU on Tata Deal

Thyssenkrupp Sees Scope for Agreement With EU on Tata Deal

Thyssenkrupp AG sees room for reaching an agreement with the European Commission on a planned joint venture with Tata Steel Ltd. as “further discussion” with Competition Commissioner Margrethe Vestager is set for next week. “The…

Read More
Tata Steel will continue to explore various business options in Europe: T V Narendran

Tata Steel will continue to explore various business options in Europe: T V Narendran

Narendran said that Tata Steel Group has been performing well despite challenges in Europe. Tata Steel has not given up on its plans of merging its business in Europe, a top company official said while…

Read More
Bhushan Steel ex-CFO held, 3 banks under lens

Bhushan Steel ex-CFO held, 3 banks under lens

NEW DELHI: Bhushan Steels former CFO Nittin Johri was arrested late on Thursday by the Serious Fraud Investigation Office for submitting false documents to banks for loans. The role of three public sector lenders State…

Read More
‘European Commission to block Tata Steel-ThyssenKrupp JV’

‘European Commission to block Tata Steel-ThyssenKrupp JV’

In a statement on Friday, Tata Steel said, The commission today discussed the proposed JV with both Thyssenkrupp and Tata Steel. Tata Steel and Germanys Thyssenkrupp said on Friday they have given up hope of…

Read More
Sensex zooms past 39,000 mark, rallies over 1,100 pts

Sensex zooms past 39,000 mark, rallies over 1,100 pts

The 30-share index was trading 1,114.42 points, or 2.94 per cent, higher at 39,045.19. The benchmark BSE Sensex zoomed past the 39,000 mark, rallying over 1,100 points, in afternoon trade Monday as investors cheered exit…

Read More
British Steel collapses; thousands of jobs could go

British Steel collapses; thousands of jobs could go

London (AFP) - British Steel collapsed on Wednesday after the government said last-ditch talks with its owners failed to secure a full financial rescue. The High Court in London ordered British Steel Limited into compulsory…

Read More
British Steel risks collapse with 25,000 jobs under threat

British Steel risks collapse with 25,000 jobs under threat

By Guy Faulconbridge and Maytaal Angel LONDON (Reuters) - British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38…

Read More